US Treasury: Funny Money Ponzi Scheme
Helena Glass

Corporate fines and penalties awarded to the US government have surpassed $1 trillion since 2000.  Despite the malfeasance, no one ever went to jail.    No one was ‘sanctioned’.  How much of the penalties were imposed as a Cartel fee, and how much were for egregious acts that should have resulted in prison?   Where does the collected money go? 

The US Treasury’s sub-agency General Fund is the depository for all penalties and fines awarded.  Their last audit was in 2022 wherein the Auditors claimed they could not render an opinion because the management of funds was wholly and completely corrupted.  For fiscal year 2022, the General Fund reported $23.2 trillion in inflows and $22.8 trillion in outflows.  The Net Equity of the General Fund was ($32,080,601,000.000).    The purpose of an audit is to determine if the reports issued by the Fund fairly represent the truth and can be verified via evidential tracing.  The US Treasury Failed – and an additional 6 recommendations for compliance were issued.

The annual revenue from penalties is now over $60 billion annually.  Although that number cannot be wholly verified given the Treasury has sloppy record keeping.   In essence, the Treasury finances the government by issuing Debt.  It does not balance the budget – instead it indebts the budget every single year.   And according to their website – that is their purpose – issuing debt.

The Treasury utilizes a Treasury Borrowing Advisory Committee (TBAC), whose chair is Deirdre Dunn, Head of Global Rates – Citigroup Global Markets Inc.  The Vice Chair is Mohit Mittal, Chief Investment Officer – PIMCO.  Other members include officers from:  Deutsche Bank, Morgan Stanley, BlackRock, NY Mellon, NY Common Retirement Fund, Fidelity, PNC Financial, Vanguard, Goldman, Bridgewater and Rokos Capital out of London.  LONDON.

Deirdre Dunn’s bio includes a bachelor’s degree in ta-da…chemical engineering.  She spent 10 years at Lehman – where she traded in residential and commercial mortgages.  Lehman was trading US Treasuries and subprime mortgages that led to its filing for bankruptcy in 2008 – while Dunn was an active trader in those assets.  This is who is RUNNING the US Treasury today.  NOT the 78 year old Jewish school teacher, Janet Yellen.  The Lehman crisis ultimately led to a US recession.

According to the Treasury, penalty and fee revenues are classified as “nonexchange revenues in the Statement of Operations and Changes in Net Assets”.  However, the 2022 unauditable financial statements for 2022 report no such revenue – at all.   Skimmed off the TOP!  Within this debacle of off-road accounting as advised by a chemical engineer, Social Security is accounted for as a Source of Revenue – as opposed to a Debt owed back to the payers.  Which is why it is broke – there is literally No FUND At All.   In essence – Social Security withheld is Taxpayer Charity to the government.

In contrast, Federal pensions are recorded as a Liability

The Government Ponzi Scam.  Where do the funds come from to PAY Social Security benefits?   New Debt.  In 2023, SS benefit payments amounted to $1.4 trillion.  As of 2019, the federal government borrowed $2.9 trillion from the SS Fund at an interest rate of 2.85%…  The Social Security Trust Fund is now a BANK.   The Trust Fund isn’t an actual cash fund given the deposits are recorded as revenue – it is an actuarial.  An algorithm.  Monopoly money.

When our esteemed Congressional members warn Americans that Social Security’s coffers will be empty – they already are – yet these faithful politicians working For The People never consider their pensions at risk.   According to Moody’s, the unfunded state and local liability of pension debt is now over $2.5 trillion. The number fell from a high of $6 trillion pre-pandemic.

The unfunded Pensions of the Federal Government are estimated to be upwards of $5 trillion – although the true number is unknown due to faulty accounting and reporting issues. CATO Institute:  Total unfunded obligations of the US Government $73.2 trillion. This number includes SS, Medicare, Defense, Medicaid and other.  The Medicare portion is more than double the SS portion of this projection.

If pharma actually cured people instead of subjecting people to a life of pills and misery, the Medicare portion would be very much alleviated.   However, that would extend the actuarials of life expectancy and increase the SS unfunded liability.  Therefore, death by pandemic is the ‘solution’.  Death by war is another solution.

To make matters worse:  the money coming in is invested in Treasuries earning the lowest rate of return.  This is why Social Security cannot be pegged to real inflation, the funny number equation of 2% is used as the source of increases because reality would reveal the extent of the Ponzi Scheme.

Fixing this completely corrupt system of Taxation and Do Nothing would be a daunting task for the collage of Congressional Lawyers mooching off taxpayers and will never be accomplished.  The vast majority of lawyers have zero proficiency in finance or economics.    Not to mention a Chemical Engineer running our entire monetary system The US Treasury!

 

Growing up in Germany, my father was stationed there as head of Defense Intelligence for Europe, – and my brothers and I necessarily tagged along.

We lived in East Berlin before the wall, Nurnberg and Heidelberg.   Most often we lived off-base in crumbling mansions rented to the Army.  Underground tunnels, fake libraries, bombed stairways that led to nowhere, the houses had stories to tell and I loved to walk between the pillars of those stories.

In Nurnberg, our cellar held a vast vault, the steel door perhaps 6″ thick!   Empty then, it once held the treasures of  Hitler’s world of Art Confiscation.   And our residence was once Hitler’s home.  Frau Bette felt it was a story that I should be told, and never forget.   And so, one afternoon she opened the vault and with her 8 assorted cats she sat me down and began the story of WWII…  I never forgot.

Traveling throughout Europe, often times by private train in the middle of the night, we would be escorted by armed security and directed to run to our private car flanked by men and guns.  This was my normal.    Other times we traveled by car to enchanted old world cities throughout Italy, Holland, Austria, Luxembourg and of course, the small cobble towns with which Germany was replete.

It was a time of spooks and spook parties.  Cold War.   The good guys were evident – the bad guys well pronounced.   While propaganda was alive, I was oblivious.   I frequently wonder what my father could tell me today – although the one time I did try I was met with the spook line,  ‘if I tell ya, I gotta kill ya’.  Choosing life, I was happy to simply be his – daughter.

Nearly every country was represented at the spook parties, each person slyly pretending he wasn’t a spook.  An odd game.  But one far less complicated than what we are subjected to today.  In my father’s droll sense of humor, he took to wearing a floor length black cape, a fedora, and thick black leather gloves, whilst using his riding crop for emphasis, the dramatic persona of wit in the game of spook.

It was a lovely time, privileged in many ways, ordinary in others, but it formed a different me, that wasn’t like others.

IN this my life, my father taught me three core values:  integrity, honor and respect.   This was the code.   I have held to this code my entire life, thru trials, thru cavernous faults, and capsized Sunfish.   I refused to succumb to the triviality of those who marauded and instead sought to make this my legacy in teaching my Three Sons.   It has become our heritage within this cycle of values.

There are few people that understand what these three words truly mean.  There are fewer that can put them into action.  And there are fewer still who wear them in their heart.  It is those who wear them in their heart that fumble, make mistakes, fall, and get back in the saddle.  That is what we do.

And so, I am a different soul, born within something my father gave to me, a heart that can never die no matter the beatings.

Stationed back to the States as a teenager, none of us really wanted to leave Europe, but we, necessarily, tagged along.   The Pentagon was my father’s destination, Virginia was ours and I found myself in somewhat of a culture shock.  Much more naive than my peers, it was a difficult transition.

At the ripe age of sweet sixteen, despite my mother’s objections, my father sent me to Paris to study the arts so as to become more refined and cultured.  Dance took hold, and I quickly found my first ‘gift’.

Drafted into a company at 18, by 21, if I was going to pursue dance fully, New York was the only option.  Juilliard offered, I declined.  So my father sent me to college where I graduated with a degree in Finance and Accounting.  My first major tectonic shift.   A world outside of Art.

Many tragedies, much joy, more drama than I care to remember, I ended up living on a Passport 40′ sailboat in Sausalito with my husband ten years later.  My father had taught me to sail as a teenager and I quickly came to find – after the purchase – that my husband was a complete and utter novice.  But we were determined souls and sailed daily in the Bay, up the Delta, and ultimately to Santa Barbara, LA, and the Channel Islands.

Many stories abound of those sailing years, near catastrophes, much comedy, and much Life!

Many moons passed, I lost a husband and was raising my three sons when I perchance was introduced to a sculptor.  With much pleading, he agreed to be my mentor and train me in the art of bronze sculpting.  Four days a week, and one year later, he set me free.

I had once again found a gift, a passion.  It was an enormous joy!

Immersed, I sculpted. I created. Prolific and dedicated, my talent shined!  And I was happy for a time.  But life interjected with my second husband’s infidelities, the dark web, disease, lies and theft.  The storms were violent in their thrashing.

Still, with time, I remembered what my father had taught me, the values that would hold me together and the unending hope and belief that one day I will be loved as I know it is meant to be, where the legacy of a life is not in simplistic selfishness, but in the meaning of why we are here.   Perhaps I am a female version of Don Quixote, a free spirit, a bit off, a bit different, riding Rocinante and fighting windmills!

What I know is the world we are witness to today is not a Cinderella fit for me – and yet there is only one way to get back in the saddle and ride.   Holding a bridle of Honor, Respect and Integrity.

 

 

  

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